Democratic lawmakers have denounced a provision in the USMCA that gives U.S. biologics 10 years of data protection, calling it “an outrageous giveaway to Big Pharma” that could send drug costs soaring.
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While the revamped NAFTA gives U.S. farmers greater access to the Canadian dairy market, Ottawa managed to avoid most of Trump’s “poison pills” and secured an exemption from future auto tariffs.
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High-level talks between Canada and the U.S. are expected to resume later this week, as negotiators meanwhile continue efforts aimed at resolving outstanding issues that are still keeping the sides apart.
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As high-level talks over NAFTA continue in Washington today, the leaders of both countries maintained their tough talk, with Trump accusing Canada of unfairly taking advantage of the U.S. for “many years.”
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After being sidelined for months, Canadian officials appeared hopeful yesterday that a deal to modernize NAFTA is within reach, but say it will ultimately hinge on it being “good for Canada.”
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Diplomats and trade officials say that Trump’s duties on Chinese goods would flout WTO rules, given the U.S. would be imposing tariffs without first adjudicating its grievances at the global trade body.
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